Hi all,
Take for example, a BMW 4 Series.
Deposit: £5,599
Monthly: £309
Term: 48 Months
Benefits of a PCP being that after the term is up, you can 'change into' a new car. My question is, lets fast forward 4 years. New 4 series (for example). Would I need to cough up an additional £5,599 deposit plus £309 of monthly payments again?
Or would it be, you can upgrade your 4 series if you would like to for £320 per month with no deposit needed.
Is that scenario realistic of what happens, generally? Or are people coughing up £3-6k for these cars each renewal?
Thanks
Take for example, a BMW 4 Series.
Deposit: £5,599
Monthly: £309
Term: 48 Months
Benefits of a PCP being that after the term is up, you can 'change into' a new car. My question is, lets fast forward 4 years. New 4 series (for example). Would I need to cough up an additional £5,599 deposit plus £309 of monthly payments again?
Or would it be, you can upgrade your 4 series if you would like to for £320 per month with no deposit needed.
Is that scenario realistic of what happens, generally? Or are people coughing up £3-6k for these cars each renewal?
Thanks